A security interest is said to be perfectedwhen the secured, Ask an Expert

Management Studies

A security interest is said to be perfected:

when the secured party has done everything that the law requires to give the secured party greater rights to the goods than others have.

when the secured party has a legally enforceable right to take that property and sell it to satisfy the debt.

when the buyer takes the property subject to a mortgage and the seller agrees to continue paying the debt.

when the goods are sold but regained as soon as the debtor takes possession of the new property.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91702333

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